Use the Following Information for Questions
the Following Data

question 58

Multiple Choice

Use the following information for questions
The following data are available for Wheels 'N Spokes Repair Shop for 2016: $$\begin{array} { l r } \text { Repair technician's wages } & \$ 150,000 \\\text { Fringe benefits } & 50,000 \\\text { Overhead } & { 80,000 } \\\text { Total } & \$ 280,000\end{array}$$ The desired profit margin is $15 per labour hour.The material loading charge is 35% of invoice cost.It is estimated that 4,000 labour hours will be worked in 2016.
-In March 2016, Wheels 'N Spokes repairs a bicycle that takes three hours to repair and uses parts of $70.The bill for this repair would be

• A)$244.50.
• B)$289.50.
• C)$304.50.
• D)$349.50.

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Definitions:

Administrator

A person appointed to manage or supervise the execution of tasks, often within organizations, estates, or network systems.

Excessive Concentrations

An overinvestment in a particular asset, sector, or market which increases risk due to lack of diversification.

PCBs

Polychlorinated biphenyls, a group of man-made organic chemicals known for their environmental and health hazards.

Hazardous Area

A location that poses risks due to potentially dangerous conditions, such as the presence of flammable gases, combustible dust, or other explosive materials.